Israel’s Bank Leumi has selected Calypso Technology to provide a full cross-asset, front-to-back office solution to support its core capital markets business.
It says that implementing the Calypso solution will give it a unique platform to monitor the bank’s global exposure and a scalable and flexible solution for its growing capital markets business. The platform will provide cross-asset support, including interest rate derivatives, providing all functionality from front office trading through to final delivery and settlement. Specific functionalities will include trading, pricing, risk monitoring, trade processing, settlement, delivery and position-keeping. The platform will also enable the bank to bring new products and instruments to market.
“We were looking for a way to monitor global risk exposure of the bank, increase actual services capabilities and extend our products and services to our customers and the overall market. Calypso’s solution would clearly allow us to achieve this aim and support our overall business objectives,” says Professor Daniel Tsiddon, deputy CEO, Bank Leumi.
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